Engineering giant Renishaw has reported record results as revenue rocketed to more than £670m.
The FTSE 250 firm, which is based at Wotton-under-Edge in Gloucestershire, said the almost 20% rise from £565m in its previous financial year was driven by unprecedented levels of demand for its manufacturing technologies, analytical instruments and medical devices.
Bosses said high demand for encoders among its global client base came amid increased investments in the semiconductor and electronics sectors, and demand for industrial automation due to skills shortages and labour costs.
